Posts tagged ‘Rig Data’

“Tapping the brakes” is as good a description of what’s happening in US land drilling activity today as any, and it applies to drilling costs as well.

Since the recovery in drilling activity began to really gather steam last December, the US active land rig count, as monitored by Platts RigData’s RADAR report, had added at least 40 rigs to each successive month’s average tally through May.